A loan modification is an option you may have in order to avoid foreclosure. We have assisted many clients in working out loan modifications with Lenders as well as defending against a foreclosure filed against their properties. Many times our law offices are defending against a client’s foreclosure which simultaneously working out a loan modification with their particular lender. Each of our clients have a unique set of circumstances, financially, physically and emotionally. We treat each case with the upmost priority. We are faced daily with situations that are both emotionally challenging and gratifying.
A loan modification is a permanent change of one or more of the terms of your original mortgage. A short sale or bankruptcy does not have to be the only answer to avoiding foreclosure. If you have had some kind of financial hardship which was the cause of or will result in the failure to make your monthly payments a loan modification may be your option. A loan modification will provide for a lower monthly payment allowing you to maintain financial stability and save your home from foreclosure.
An attorney can review your current financial situation and discuss all your legal options when forming your decision. A loan modification and a foreclosure defense of your mortgage involves many laws that only an attorney can advise you and defend you on. In addition, I have many cases where the client was served with foreclosure paperwork during the loan modification process. It is highly recommended that an attorney handle the modification process and the defense simultaneously.
Contact us at The Law offices of Fernandez & Associates for a free consultation.